Lightspeed Commerce (LSPD) AGM 2024 summary

Opening remarks and agenda

• The meeting was held virtually to reduce environmental impact and ensure equal participation, with introductions of board members and executives present.

• Voting procedures and participation rules were outlined, including electronic balloting and Q&A protocols for shareholders.

• The agenda included financial statement presentation, director elections, auditor appointment, and an advisory vote on executive compensation.

Board and executive committee updates

• Seven directors were nominated and elected, with all nominees currently serving on the board.

• The term for elected directors extends until the next AGM or until successors are appointed.

Financial performance review

• Consolidated financial statements for the year ended March 31, 2024, and the auditor's report were presented and made available to shareholders.

• Adjusted EBITDA break-even or better was achieved for the full fiscal year, meeting profitability goals.

• Transaction-based revenues accounted for 60% of overall revenues in the last fiscal year.